Ripple 
$2 whales are signaling positive trends in the crypto market by purchasing more XRP during the recent market decline. The recent performance of XRP and the overall crypto market indicates that traders are re-engaging with the market after a brief pause. Recent developments concerning Ripple suggest a strong trajectory for the altcoin in the future.
Ripple Whales
Recent on-chain reports indicate that Ripple whales have intensified their purchases during the market downturn, leading to increased speculation. According to reports, whales have accumulated 80 million XRP since December 17. These purchases present an opportunity for traders to buy at lower prices.
Ali Martinez, a crypto analyst, noted that whales purchased 80 million XRP during the market decline. These significant acquisitions and other substantial token transfers are fueling speculation in the digital asset space.
Donald Trump’s election victory has boosted optimism in this year’s crypto markets. His commitment to making the U.S. the crypto capital is seen as a potential signal for a surge in crypto activity among U.S.-based firms.
Ripple’s RLUSD Launch
The launch of Ripple’s new stablecoin RLUSD is viewed as a positive development for XRP’s future. Market experts believe that RLUSD will enhance liquidity via the XRPL and support XRP’s use as a bridge asset in international payments.
Recently, XRP’s price rose over 4% to reach $2.36, with trading volume increasing by 27% to $26.34 billion. However, open positions in XRP futures have decreased by over 30%.
Future of XRP Coin
Ali Martinez highlighted that if XRP reaches $2.62, a short position valued at $20.50 million could be liquidated. Experts believe that despite short-term fluctuations, XRP could reach the $3 level in the long term.
The donations made by Ripple and other crypto firms to Trump’s inauguration program strengthen expectations for friendlier crypto regulations in the U.S. These developments provide positive signals for XRP’s future performance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
